With almost half of the American workforce working remotely, companies may need to rethink office space and amenities.

Earlier this year, Hackensack, NJ-based Alfred Sanzari Enterprises sold two garden-style apartment communities—Riverside Terrace in Bogota, NJ to the Tournambe Family and Queen Anne in Hackensack, N.J. to JC Realty—to leverage the successful 1031 exchange.

Miami-based apartment investor Lloyd Jones LLC bought the property at $270,000 a unit.

Purchased in 1992 by a private investment group, the building is currently listed on the National Register of Historic Places and has operated as a boutique hotel and short-term rental for more than 90 years.